Electronics giant strengthens military and high-tech offerings amid surge in global defense spending
Amphenol Corp. (APH) announced Monday that it will acquire Trexon, a cable assembly firm specializing in high-reliability connectivity solutions, in a $1 billion all-cash deal. The move underscores Amphenol’s push to expand its defense-focused product portfolio and capitalize on rising global defense budgets.
Trexon manufactures wire, cable, and connectors for critical industries including defense, aerospace, medical technology, and even emerging fields such as quantum computing. “Trexon’s unique portfolio of high-reliability cable assembly products will be highly complementary to our existing offerings in the defense market,” said Amphenol CEO Adam Norwitt in a statement.
The acquisition comes on the heels of Amphenol’s $10.5 billion agreement to buy CommScope’s connectivity and cable solutions unit, a deal aimed at strengthening its position in the booming AI and high-speed data center infrastructure markets. Taken together, the two purchases highlight Amphenol’s aggressive expansion strategy across both defense and advanced technology applications.
Amphenol shares were up modestly in premarket trading following the announcement. The stock has climbed more than 57% so far in 2025, driven by strong investor confidence in its growth trajectory. The company plans to fund the Trexon deal entirely through cash on hand.
Trexon, which operates facilities in both the U.S. and the U.K., is projected to generate approximately $290 million in sales in 2025 with an EBITDA margin of 26%. Amphenol expects the acquisition to be accretive to earnings per share within the first year after the deal closes, anticipated in the fourth quarter of this year.
By bringing Trexon’s specialized expertise into its portfolio, Amphenol is positioning itself as a key supplier in both the defense and next-generation technology sectors, reinforcing its role as one of the world’s leading electronic equipment makers.
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